Certification exams change, and study material has to keep up. The 1z0-1054-24 (Oracle Financials Cloud: General Ledger 2024 Implementation Professional) question bank at Actual4Exams is reviewed continuously and comes with 365 days of free updates, so your 2026 preparation always reflects the current exam.
Oracle 1z0-1054-24 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2024 Implementation Professional |
| Exam Number: | 1Z0-1054-24 |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | Approximately 55 |
| Available Languages: | English |
| Exam Price: | USD 245 (varies by country/region) |
| Related Certifications: | Oracle Financials Cloud Implementation Oracle ERP Cloud Financials Certification Track |
| Exam Format: | Multiple Choice, Multiple Response |
| Certificate Validity Period: | Oracle Certification typically does not expire for this track (unless specified by Oracle policy updates) |
| Passing Score: | 75% |
| Recommended Training: | Oracle Financials Cloud Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or test center (Oracle authorized testing provider) |
| Pre Condition: | Recommended: Oracle Financials Cloud Foundations or equivalent ERP experience |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1z0-1054-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Journal Processing | - Journal Entry Creation and Approval
|
| Financial Reporting and Analysis | - Smart View Reporting
|
| Configuring Enterprise and Financial Reporting Structures | - Enterprise Structures Setup
|
| General Ledger Setup and Configuration | - Ledger and Accounting Calendar
|
1z0-1054-24 Exam FAQ: What Candidates Ask About Oracle Financials Cloud: General Ledger 2024 Implementation Professional
The 1z0-1054-24 exam, officially known as Oracle Financials Cloud: General Ledger 2024 Implementation Professional, is the Oracle test that leads to the Oracle Financials Cloud: General Ledger 2024 Implementation Professional certification at the Professional level. Passing it validates the skills employers expect from a certified professional. It is also associated with related credentials such as Oracle Financials Cloud Implementation, Oracle ERP Cloud Financials Certification Track.
The 1z0-1054-24 exam contains Approximately 55 questions, and you have 90 minutes to complete them. Work out your per-question pace before test day, and flag slow items instead of stalling on them — time pressure, not knowledge, sinks many first attempts. Timed mock exams in the Actual4Exams test engines are the most reliable way to build that rhythm.
The passing score for the 1z0-1054-24 exam is 75%, and the official registration fee is USD 245 (varies by country/region). If you miss the mark, a retake means paying the full fee again, so book your seat only when you are ready. A practical benchmark: score consistently above the passing line on timed practice tests before scheduling the real exam.
Recommended: Oracle Financials Cloud Foundations or equivalent ERP experience
Entry requirements can change, so confirm the latest conditions on the official exam page: https://education.oracle.com/.
You can book the 1z0-1054-24 exam through the official registration channels below:
Exam delivery: Online proctored or test center (Oracle authorized testing provider). Seats at popular test centers fill quickly, so schedule early once your preparation is on track.
Oracle recommends the following training options for Oracle Financials Cloud: General Ledger 2024 Implementation Professional candidates:
Pair any course with the 87 practice questions from Actual4Exams to measure how ready you really are before paying the exam fee.
Yes. A free PDF demo of the Oracle Financials Cloud: General Ledger 2024 Implementation Professional questions is available, so you can check the question style and answer quality before you pay. Every purchase also includes 365 days of free updates, and if the product expires you can renew the update service at a 50% discount from your member zone.
If you take the corresponding 1z0-1054-24 exam within 60 days of purchase and do not pass, you can apply for a full refund under the 100% Money Back Guarantee: submit a scan of your enrollment slip and your official Score Report (PDF) within 2 days of the exam date, and the claim is processed within 7 days. Attempts made within 3 days of purchase, downloads without an actual exam attempt, free materials, and expired orders are not eligible, and the candidate name must match the payer name. Prefer new material instead of a refund? You can exchange your purchase for two free products of equal value and keep the update service on your original product. As for delivery, the files are available for instant download and are also emailed to you within one minute of payment — if nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you can install the product on.
The official Oracle Financials Cloud: General Ledger 2024 Implementation Professional outline is organized into 4 domains. The first three are:
- Configuring Enterprise and Financial Reporting Structures
- Financial Reporting and Analysis
- Journal Processing
See the complete exam topics section above for the full outline and the weighting of every domain.
Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions:
Question 1
Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.
A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?
A. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD only will be carried forward.
B. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
C. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.
D. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
E. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
Question 2
Which delivered role can access the full functionality of Functional Setup Manager?
A. Application Implementation Consultant
B. Any functional user
C. Application Implementation Manager
D. IT Security Manager
E. Functional Setup Manager Superuser
Question 3
You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?
A. Close Intercompany periods in Fusion Intercompany.
B. Freeze the Intercompany Journal source in General Ledger.
C. Close the General Ledger period in the Manage Accounting Periods page.
D. Close all subledger periods.
Question 4
An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?
A. Primary balancing segment rule
B. Ledger-level rule
C. Chart of accounts rule
D. Legal entity-level rule
Question 5
You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?
A. Calendar Year
B. Period
C. Fiscal Year
D. Year
Solutions:
| Question 1 Answer: C | Question 2 Answer: C | Question 3 Answer: A | Question 4 Answer: A | Question 5 Answer: C |
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